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Norges Bank reduces interest rates
Norway's central bank cut its main interest rate by 0.50 percentage points on Wednesday 30 April, saying that the balance of probability suggested inflation would be lower than the 2.5 target in two years time.
Uganda c bank declared 'least corrupt' institution
The Bank of Uganda, the country's central bank, has been declared the most honest and least corrupt institution in Uganda in a report from the Inspector General of Government, according to a report in The Monitor
New commission regulates Chinese banks
The China Banking Regulatory Commission began operations on Monday 28 April and will take over the supervisory role of the People's Bank of China, according to a report in Asia Times Online.
European Central Bank - Annual Report 2002
The European Central Bank has published its Annual Report for the year ended 2002. The report suggested Greece, France and Italy are not expected to reduce their deficits sufficiently by the end of this year, providing a warning to those countries to…
IMF's Rogoff to return to Harvard
Economic Counsellor Kenneth Rogoff notified IMF Management of his intention to return to Harvard University in the Autumn, 29 April.
Dodge statement to Canada's Finance Committee
In his opening statement to the House of Commons Finance Committee David Dodge of the Bank of Canada said we expect that economic growth in the second quarter will be somewhat weaker than we projected in the Monetary Policy Report because of the impact…
Papademos presents the ECB's Annual Report
In his presentation of the ECB's Annual Report 2002 to the Committee on Economic and Monetary Affairs of the European Parliament Lucas Papademos said one of the main messages of 2002 has been that the euro area economy needs to become more flexible and…
Bank of England to appoint five new Court members
The Court of the Bank of England is currently interviewing candidates for five non-executive places, notes the Guardian, which describes it as a "shadowy organisation".
Interview with Bank of England's Sir Andrew Large
In an interview with the Financial Times, Bank of England deputy governor for Financial Stability Sir Andrew Large raised speculation that the Bank's MPC might reduce interest rates at its meeting next week after flagging up concerns about the weakness…
Bank of Canada appoints new deputy governors
The Bank of Canada announced the appointment of two deputy governors to its interest rate setting governing council on Tuesday. David Longworth joined the Bank of Canada in 1974 and Mark Carney represents the addition of an outsider from an investment…
ECB's Duisenberg implies he will leave in a year
The European Central Bank published its annual report for 2002 on Tuesday with Wim Duisenberg hinting that he would not be at the ECB this time next year. "This will be the last foreword of an ECB Annual Report to bear my signature," he said in the…
Iraq central bank staff ready for return to work
Al Jazeera reports that staff of the looted and destroyed central bank of Iraq are ready to return to work - if there is security and another location can be found.
BMA chief to chair Jeddah conference
Bahrain Monetary Agency (BMA) Governor Shaikh Khalifa will chair the second meeting of the Islamic Financial Services Board (IFSB) Council meeting at the Islamic Development Bank on Wednesday 30 April, according to the Gulf Daily News.
ECB warns SARS more damaging than war
In an interview with Spanish newspaper Il Sole 24 Ore, Tommaso Padoa-Schioppa, an executive member of the ECB, said the negative impact of the Iraq war could be outweighed by the effect of the SARS virus.
Duisenberg heir need not be French, lawmaker says
Christa Randzio-Plath, chairwoman of the European Parliament's monetary committee, has said that Wim Duisenberg's successor at the ECB does not have to be French, commenting "We have not only to look at nationality", according to Bloomberg News.
China quarantines banknotes in SARS scare
China's banks are taking steps to halt the spread of the SARS virus and the central bank has urged people to use cards instead of cash. Other steps include sterilising banknotes with disinfectant, according to Dow Jones.
Hong Kong launches euro clearing system
Hong Kong launched its euro clearing system on Monday 28 April with the aim of eliminating Herstatt risk in foreign exchange settlements, according to Reuters.
Growth and Adjustment in Chile-A Look at the 1990s
A Working Paper from the Central Bank of Chile published March 2003 provides a thorough review of the post-1998 slowdown in economic growth in Chile. The paper is jointly authored by the newly named president of the Banco Central De Chile Vittorio Corbo.
Hong Kong Monetary Authority - Annual Report 2002
The Hong Kong Monetary Authority has published its Annual Report for the year ended 2002. The Report explains the HKMA's work and achievements over the past year and sets out the challenges and objectives for the year ahead.
UK must not waver in its euro tests
Anarticle in the Financial Times by Martin Wolf says for the UK government to win a referendum on the euro it must persuade the public of the economic benefits and be seen to approach the question with an open mind.
Tumpel-Gugerell new ECB Board Member
Committee on Economic and Monetary Affairs gives ll clear for Gertrude Tumpel-Gugerell as new ECB Board Member, 29 April.
First five years of the ECB
Commenting on the fifth annual report of the ECB presented to the Committee on Economic and Monetary Affairs by ECB vice-president Lucas Papademos, Committee Chair Christa RANDZIO-PLATH (PES/Germany) said that the ECB and European Monetary Policy both…
Ferguson on Basel II and risk management
In a speech on 'Basel II: A Case Study in Risk Management' Roger Ferguson of the Federal Reserve said the proposed revision of the international capital accord is basically about improving risk management in banking. It is a regulatory framework that…